HighPoint Solutions Signs Deal to Implement Model N Managed Care and Government Pricing System for Specialty Pharmaceutical Company

... KING OF PRUSSIA Pa. June 18 /- HighPoint Solutions ...Recently pharmaceutical companies have been challenged with findings... Not complying with government regulations can expose pharmaceuticalc...HighPoint Solutions will be implementing the Government Pricing and FS...

KING OF PRUSSIA, Pa., June 18 /PRNewswire/ -- HighPoint Solutions LLC,
a premier provider of business-driven IT solutions, today announced that it
has signed an agreement with a global specialty pharmaceutical company to
design and implement the Model N Managed Care and Government Pricing
System.

Recently, pharmaceutical companies have been challenged with finding
systematic approaches to effectively comply with government regulations
placed on drug pricing policies. This continuing increase in government
regulations, and the industry's competitive landscape, has created the need
for our client to establish a complex pricing strategy that is affected by
many processes and systems throughout the company and difficult to manage.

"Not complying with government regulations can expose pharmaceutical
companies to potential revenue loss, legal risks and other associated
business challenges," explained Arnab Sidker, Managed Markets Solution Lead
at HighPoint Solutions. "HighPoint has strong expertise in pharmaceutical
contract lifecycle management and a significant understanding of the best
practices in the industry to address these issues. By implementing the
Model N Government Pricing solution, our client will have more visibility
into its product pricing data and will be able to more confidently ensure
its compliance with all appropriate policies."

HighPoint Solutions will be implementing the Government Pricing and FSS
(Federal Supply Services) Compliance modules of the Model N Revenue
Management suite. The Model N Government Pricing application is a powerful
tool designed to manage both the data and calculations required for
government pricing compliance and reporting, including price threshold
alerts, approvals and the creation of an audit trail. The FSS Compliance
module helps to ensure preferential pricing is given to federal purchasing
organizations and helps companies avoid associated fines of non-compliance.

"We have partnered with many life science companies to manage complex
contracting environments and our client's challenges are very similar to
those of its industry counterparts," explained Mr. Sidker. "We look forward
to sharing our knowledge and helping the company leverage the robust
functionality of the Model N solution to more easily manage its policies,
collect and analyze data, monitor industry pricing information and ensure
compliance with government regulations."

About HighPoint Solutions LLC

HighPoint Solutions is a premier provider of business-driven IT
solutions to more than 70 clients nationwide in the life science,
healthcare and financial industries. The company provides business
consulting, system integration and professional services, including onsite
industry-specialized IT staffing, offshore resources, managed hosting and
application support services.

HighPoint is headquartered in King of Prussia, Pa. with additional
offices in New Jersey, Chicago, and California. For more information, visit
http://www.highpoint-solutions.com.

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